Reasons to choose an appraisal from Astute Appraisals, Inc.

Every year, thousands of people in Maryland buy, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. While there are a multiplying number of automated home valuation systems that may appear more practical than an appraisal, almost all lenders still call in a local expert because the stakes are so high. Is getting a mortgage the only basis for getting an appraisal? Are there also times when the services of a licensed, independent real estate professional might be beneficial? You bet there are.

Let Astute Appraisals, Inc. assist you in lowering your mortgage payment

Challenge your tax assessment

It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a past assessment of your house, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Astute Appraisals, Inc. is your best evidence when building your case. At Astute Appraisals, Inc., we're qualified to assist you in appealing your tax assessment.

Eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

Astute Appraisals, Inc. can give you a statement regarding the value of your home, and the expense of the appraisal can usually be recovered in little time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is often complicated by the troublesome decision of who gets the property, and it can be a particularly traumatic experience for both parties. It's a good idea to order an appraisal from Astute Appraisals, Inc. so both parties are completely aware of the true market value of their house, regardless of the circumstances.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Fair and accurate estate liquidation

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.

Most Americans don't have dedicated estate planners or executors to handle these matters, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Move to or from Howard County through an employee relocation program

We understand the stress involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any current sales or listings in their area that they want considered during our detailed inspection.

Sell your home promptly — at the right price

A professional appraisal will help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees rest on our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, obtaining a professional appraisal is a reliable way to determine what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.

Let Astute Appraisals, Inc. assist you in selling your home quickly at the right price